 "Food and grocery delivery firm Swiggy has marginally narrowed its consolidated net loss in the second quarter of financial year 2025 (Q2FY25) to Rs 625.5 crore from Rs 657 crore a year ago. But sequentially, the loss was up as the firm had reported a")
Food-delivery major Swiggy on Tuesday opened its much-anticipated ₹10,000-crore ($1.1 billion) qualified institutional placement (QIP), barely a year after its stock-market debut.
According to people familiar with the transaction, the share sale has drawn strong interest from both foreign and domestic institutional investors, with the book already fully covered.
The term sheet reviewed by Business Standard shows an indicative offer price floor of ₹371 per share, implying a discount of 6.8 per cent to Monday’s closing price and 5 per cent to the Sebi-mandated floor of ₹390.51. Swiggy’s shares closed at ₹397.7 on the NSE up 3.1 per cent. The
